Beneficiary designations can be done electronically on the site. This means that designations do not require a signed paper form to be submitted to complete your requested changes. Signing into the system with your unique credentials is your electronic signature.
Things to consider when designating a beneficiary:
Once you make your beneficiaries designations, they become effective immediately. No paper forms are required to be submitted. If you need advice or assistance with choosing your beneficiary(ies), please talk with a qualified, independent legal and/or financial advisor.
What if I don’t designate a beneficiary? Your Life insurance benefits will not have a designated beneficiary therefore, any benefit will be directed to your estate and will be taxed.